With its market capitalization of $3,089,054,113 and a circulating supply of 70,502,656.28 LTC tokens, Litecoin is moving toward a bigger economy. Recent news about the delisting of Litecoin from some prominent South Korean crypto exchanges has delivered a huge blow to the ecosystem of Litecoin. The reason for this delisting is associated with the update of the MimbleWimble transaction that added anonymity to LTC transactions.
LTC is still not a fully private cryptocurrency, but more like Dash, which offered opted privacy features. Specific financial information acts of South Korea make such transactions illegal. Hence many of the exchanges had to delist LTC. The collapse of Terra (LUNA) has a greater impact on the strictness of cryptocurrency regulations.
LTC may continue to move down, but investors would have anticipated this price trend and action of South Korea as mWeb protocol was under work for quite a long time. Litecoin being a common token used for transitions and payments...
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